Payback time! Biden to propose first major federal tax hike since 1993 after signing massive $1.9 trillion COVID relief package: Increases expected on corporate tax and personal rate for high earners

Daily Mail ^ | March 15, 2021 | Katelyn Carrale

[rickmichaels]

Joe Biden is planning to propose the first substantial federal tax hike since 1993 for Americans to help pay for his long-term economic program after he signed the largest stimulus package in U.S. history with a price tag of $1.9 trillion.

Now the White House is preparing to roll out another sweeping plan to tackle infrastructure and the economic crisis, which some say could fall somewhere between the $2-$4 trillion mark.

Biden plans to kick off his cross-country tour this week promoting and seeking to bolster enthusiasm for the coronavirus relief package, where the White House will also ensure he receives credit for benefits included in the bill.

First lady Jill Biden, Vice President Kamala Harris and first gentlemen Doug Emhoff will also hit the road this week to promote the sweeping legislation.

Next on the president's docket is getting another pricey funding bill through Congress that addresses infrastructure, climate and education.

Four people familiar with discussion told Bloomberg that Biden is expected to propose a series of tax increases, including repealing parts of Donald Trump's 2017 tax law that resulted in most Americans seeing more in their paychecks, to help fund the latest proposal.

[Vaduz]

with you on that

[Vaduz]

Including repealing parts of Donald Trump’s 2017 tax law that **resulted in most Americans seeing more in their paychecks**, to help fund the latest proposal.

The Biden voters should be real happy with that now they will be bringing home less money pain is happiness for some folks.
Normal people call it stupidity.

[Texas resident]

The middle class is where all the money is. This tax increase will be touted as soaking the rich, but there are not enough “rich” to pay the 1.9 Trillion the dims just committed to. So, the middle class gets stuck with the bill.

Dims are in charge again.